Chairman & CEO of Warren Resources Inc. (NASDAQ:WRES) Norman F Swanton buys 100,000 shares of WRES on 03/09/2009 at an average price of $0.54 a share.

Warren Resources Inc. is a growing independent energy company engaged in the exploration and development of domestic natural gas and oil reserves. Warren is primarily focused on the exploration and development of coalbed methane properties located in the Rocky Mountain region and its water flood oil recovery program in the Wilmington Unit located in the Los Angeles Basin of California. The Company is headquartered in New York New York and its exploration and development subsidiary Warren E&P Inc. is headquartered in Casper Wyoming. Warren Resources Inc. has a market cap of $30.58 million; its shares were traded at around $0.52 with a P/E ratio of 0.9 and P/S ratio of 0.28.

WRES is in the portfolios of NWQ Managers of NWQ Investment Management Co.

Recent Trades of Warren Resources Inc. by CEO:

Buy: Chairman & CEO Norman F Swanton bought 100,000 shares of WRES stock on 03/09/2009 at the average price of $0.54; the price of the stock has decreased by 3.7% since.

Buy: Chairman & CEO, Director Norman F Swanton bought 40,000 more shares of WRES stock on 11/14/2008 at the average price of $2.97; the price of the stock has decreased by 82.49% since.

Buy: Chairman & CEO, Director Norman F Swanton bought 40,000 more shares of WRES stock on 11/14/2008 at the average price of $2.97; the price of the stock has decreased by 82.49% since.

Recent Trades of Warren Resources Inc. by CFO:

Buy: EVP & CFO Timothy A Larkin bought 25,000 shares of WRES stock on 11/14/2008 at the average price of $2.97; the price of the stock has decreased by 82.49% since.

Recent Trades of Warren Resources Inc. by Directors and Officers:

Buy: Director James M Mcconnell bought 10,000 shares of WRES stock on 11/24/2008 at the average price of $3.05; the price of the stock has decreased by 82.95% since.

Buy: Director Chet Borgida bought 25,000 shares of WRES stock on 11/21/2008 at the average price of $2.7; the price of the stock has decreased by 80.74% since.

Buy: Director Alleva Dominick D bought 225,000 shares of WRES stock on 11/20/2008 at the average price of $3.05; the price of the stock has decreased by 82.95% since.

Buy: SVP of Warren E&P Bruce A Berwager bought 5,000 shares of WRES stock on 11/11/2008 at the average price of $3.37; the price of the stock has decreased by 84.57% since.

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